Canadian Investor Protection Fund - CIPF
What Does Canadian Investor Protection Fund - CIPF Mean?
A Canadian not-for-profit organization set up by the investment industry designed to protect investors from the bankruptcy of an individual investment firm.
Accounts are covered for up to $1 million in shortfall of securities, commodity and futures contracts, segregated insurance funds and cash. Shortfall is the difference between the market value of the account and what the insolvent company can return to the customer.
Investopedia explains Canadian Investor Protection Fund - CIPF
While investment firms rarely become insolvent, the CIPF exists to protect the investment accounts of customers.
The size of the fund's resources is close to $300 million.
Related Links
- An Overview Of Corporate Bankruptcy - If a company files for bankruptcy, stockholders have the most to lose. Find out why.
- Z Marks The End - Investors need to know how to detect signs of looming bankruptcy. The Z-score can help.
- CIPF.ca - The official site of the Canadian Investor Protection Fund.
